TORONTO – While Rogers Communications reported its first quarter consolidated revenue grew 5% to reach $2.7 billion, it also saw a 10% drop in its net earnings.For the quarter ended March 31, 2009, the telecom giant said its wireless, cable and media operations generated a profit of $309 million, down from $344 million for the same period in 2008. Despite a modest growth in sales, Rogers said in a news release that the cost of adding new smart phone customers, combined with weak advertising revenues in its media divisions, contributed to the decline in net income.Digital cable subscribers grew by 35,000 in the...
